If the total benefits to society of achieving some specific level of pollution control are significantly...

If the total benefits to society of achieving some specific level of pollution control are significantly greater than the total costs to society of doing so, will it necessarily be economically efficient (socially optimal) to do so? Explain your answer with words and a graph

Expert Solution

Rahul Sunny answered 2 years ago

The total benefit to society from a firm’s pollution abatement is TB = A-0.01A^2. The total...

The total benefit to society from a firm’s pollution abatement is TB = A-0.01A^2. The total cost of abatement to the firm is TC=A. How much would society prefer the firm to abate? If the firm receives no benefits from its pollution abatement, how much will it choose to abate? Discuss how environmental shirking could be alleviated.

what are some benefits and drawbacks of genomics to society?

Technological innovation benefits society because it increases the total revenue of the producers.

True or False. Draw a graph (supply and demand diagrams) to support your answer: Technological innovation benefits society because it increases the total revenue of the producers.

If the society wants zero pollution, most economic activities will not be possible. Therefore some societies...

If the society wants zero pollution, most economic activities will not be possible. Therefore some societies agree upon a certain tolerable level of pollution at the society's level and then distribute that among people. Accordingly each person will be entitled to pollute the environment up to a certain amount. Some people however do not pollute the environment up to their allotted share while others need to pollute more than they are entitled to. As a result a market for these...

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Write some effective ways to control air pollution from petroleum and coal industries.

some of the specific environmental and economic benefits offered by green roofs?Considering these benefits, explain how...

some of the specific environmental and economic benefits offered by green roofs?Considering these benefits, explain how the expansion of green roofs in a densely populated city such as New York can help overcome some of the unequal access to urban agriculture?

If the socially optimal pollution level does not currently exist, outline some reasons as to why...

If the socially optimal pollution level does not currently exist, outline some reasons as to why applying the Coase Theorem may not be successful in attaining it.

Complete the table above. At what level of the control variable are net benefits maximized?

1. Based on the table, answer the following questions. (1) (2) (3) (4) (5) (6) (7) Control Variable Q Total Benefits B(Q) Total Costs C(Q) Net Benefits N(Q) Marginal Benefit MB(Q) Marginal Costs MC(Q) Marginal Net Benefit MNB(Q) Given Given Given (2) - (3) (2)/(1) (3)/(1) (5)-(6) 0 0 0 1 90 10 2 170 30 3 240 60 4 300 100 5 350 150 6 390 210 7 420 280 8 440 360 9 450 450 10 450 550...

Pollution Abatement Costs and Expenditures Examine the state-level data for total capital and operating abatement costs....

Pollution Abatement Costs and Expenditures Examine the state-level data for total capital and operating abatement costs. Analyze the differences among any subset of states, and offer a hypothesis as to why these differences might exist.

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